An ethanol railroad tariff is a fee charged for shipments of ethanol on public railroads. An agricultural associationpublishes tariff rates for railroad-car shipments of ethanol. Assuming that the standard deviation of such tariff rates is$900, determine the probability that the mean tariff rate of 200 randomly selected railroad-car shipments of ethanolwill be within $80 of the mean tariff rate of all railroad-car shipments of ethanol. Interpret your answer in terms ofsampling error.The probability is.(Round to three decimal places as needed.)Interpret this probability in terms of the sampling error. Choose the correct answer below and fill in the answer box tocomplete your choice.There is about a % chance that the sampling error made in estimating the▼$80.all railroad-car shipments of ethanol will be(Round to one decimal place as needed.)tariff rate ofTime Remaining: 01:44:34Next

The standard deviation is $900, and the sample size is 200.

Answered: An ethanol railroad tariff is a fee…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The average McDonald's restaurant generates $3.6 million in sales each year with a standard deviation of 0.9. Trent wants to know if the average sales generated by McDonald's restaurants in Kentucky is different than the worldwide average. He surveys 27 restaurants in Kentucky and finds the following data (in millions of dollars): 4.1, 2.8, 4.4, 4.5, 5.3, 5, 3.7, 2.9, 3.8, 4.8, 3.6, 2.3, 3.7, 2.9, 2.9, 4, 1.1, 5.2, 2.9, 5, 4, 4, 5.9, 3.2, 2.2, 4.3, 3.8 Perform a hypothesis test using a 3% level of significance. Step 1: State the null and alternative hypotheses. Ho: [? v] ? v На: ? ? v (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer v with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v = P( ? ♥ ?…
Newborn babies: A study conducted by the Center for Population Economics at the University of Chicago studied the birth weights of 752 babies born in New York. The mean weight was 3176 grams with a standard deviation of 840 grams. Assume that birth weight data are approximately bell-shaped. Estimate the number of newborns who weighed between 1496 grams and 4856 grams. Round to the nearest whole number. The number of newborns who weighed between 1496 grams and 4856 grams is
Suppose the average credit card debt for Americans is $7000 and is not normallydistributed with a standard deviation of $2400. If we sample 40 Americans, find the probabilitythat the sample mean of credit card debt is less than $6500.
Cynthia is president of an international chemical distribution company, Cchem. Weekly gross sales for Cchem has a mean of $1 million and standard deviation of $0.2 million; the distribution of sales is highly right-skewed. One week’s sales are independent of the sales in any other week. Use this information to answer questions 5 to 6 below. What is the probability that sales for the week of October 5, 2009 will be more than $1.25 million? In order for Cynthia to receive a bonus, Cchem’s annual sales must exceed $53 million. What is the probability that Cynthia will receive a bonus for the fiscal year starting in 2010? Assume there are 52 weeks in a year.
According to the U.S. Census Bureau, the mean household income in the United States in 2000 was $57,045 and the median household income was $42,148.The variability of household income is quite large with an overall standard deviation of approximately $25000. Suppose a random sample of 225 households was selected. What is the probability that the sample mean would be above $60,245?
The college physical education department offered an advanced first aid course last summer. The scores on the comprehensive final exam were normally distributed, and the z-scores for some of the students are shown below. Robert 1.05 Juan 1.51 Haley −1.95 Joel 0.00 Jan −0.67 Linda 1.57 (a) If the mean score was ? = 151 with standard deviation ? = 16, what was the final exam score for each student?
A developmental psychologist is interested in studying how long babies gaze at a photograph of a human face. To test this question, she shows a picture to a sample of six babies and records the length of their gaze in seconds. The data are as follows: 12, 17, 18, 20, 20, 29. Calculate the mean, median, mode, range, variance and standard deviation for the sample.
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Solve the problem.Assume that male Siberian huskies' weights are normally distributed with a mean of 63.6 pounds and a standard deviation of 2.5 pounds. If 90 male Siberian huskies are randomly selected, find the probability that they have a mean weight between 62.9 pounds and 64.0 pounds.
The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 50 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.3 pounds, what is the probability that the sample mean will be each of the following? Appendix A Statistical Tables a. More than 60 poundsb. More than 56 poundsc. Between 55 and 57 pounds

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